Skip to content
Year-end checklist
Bookkeeping, payroll & tax for owners
← Learning center

Video Tips: What Is Claim of Right?

Published August 10, 2026

If you have to repay income that you previously reported and paid taxes on, you may qualify for some tax relief in the repayment year called "Claim of Right." The special tax relief provided by IRC Section 1341, which allows taxpayers to choose between a deduction or a credit, only applies if the repayment amount exceeds $3,000.

Get started

Find out where you stand.

Tell us how the business is set up and what's currently a mess. We'll tell you what we'd do first, and what it would cost.

Please don't send Social Security numbers or tax documents through this form.

Call UsGet Started